Australia's Kneomedia hits almost 1-1/2-year low on discounted placement
06/02/2023 02:31
** Shares of Kneomedia Ltd KNM.AX slide as much as 16.7%
to A$0.01, their lowest since Aug 23, 2021
** SaaS education publishing co says received binding
commitments for a placement to raise A$1.6 mln ($1.11 mln)
** Issue price of A$0.010 per share represents a 20%
discount to stock's last closing price of A$0.012 on Jan 27
** Stock posts its biggest intraday pct fall since Dec 20
** Almost 2.2 mln shares change hands, thrice the 30-day
average volume
** Stock down 14.3% this year, as of last close
($1 = 1.4459 Australian dollars)
(Reporting by Poonam Behura in Bengaluru)
((Poonam.Behura@thomsonreuters.com;))